Press release
Fuel additives Market growth, business opportunities, share value, key insights and size estimation by 2031
Fuel additives Market
Read more about Fuel additives market here: https://www.globalinsightservices.com/reports/fuel-additives-market/
Fuel additives are chemicals that are added to gasoline or other fuels to improve their performance. The most common fuel additive is octane booster, which is used to increase the octane rating of gasoline and prevent knocking. Other fuel additives include detergents to keep engines clean, anti-icing agents to prevent fuel line freezing, and corrosion inhibitors to protect fuel tanks and lines from corrosion.
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Key Market Players:
Afton Chemical Corporation
The Lubrizol Corporation
Innospec Inc.
BASF SE
Evonik Industries AG
LANXESS AG
Chevron Oronite Company LLC
Dorf Ketal Chemicals
Infineum International Limited
Total SA
Market Segments:
By type
Deposit Control Additives
Cetane Improvers
Lubricity Improvers
Cold Flow Improvers
Others
By application
Diesel
Gasoline
Aviation Fuel
Others
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Key Trends
There are a few key trends in fuel additives technology:
1. Increased focus on fuel economy and emissions reduction
2. Development of new and more effective additive formulations
3. Increased use of nanotechnology in additive manufacturing
4. Increased focus on renewable and sustainable additives
Key Drivers
The key drivers of fuel additives market are the stringent emission regulations and the need for fuel economy.
Fuel additives help in reducing emissions of harmful gases and also improve the fuel economy of vehicles.
The other drivers include the growing automotive industry and the need for cleaner burning fuels.
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